For Sale Multi-Family MLS# 7149877

2549 11th Avenue S

Minneapolis, MN 55404

$749,900

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About 2549 11th Avenue S

Turnkey, 100% occupied four-plex delivering immediate cash flow in a prime Minneapolis location. Generating gross rental income of $6,548/month ($78,576 annualized), this high-performing property blends turn-of-the-century craftsmanship with major modern updates. Tenants enjoy a highly walkable neighborhood just blocks from Abbott Northwestern Hospital, Midtown Global Market, and top bike trails. • The Space: 3,822 above-ground sq. ft. featuring soaring high ceilings and rich, natural woodwork. • The Bonus: An additional 1,458 sq. ft. basement equipped with coin-operated laundry for extra revenue. • The Portfolio: Located at 2549 11th Ave. S, Minneapolis, MN 55404, this property can be purchased individually or as a package with a side-by-side duplex at 566 & 568 37th Ave. NE (MLS 7149871). Review the Offering Memorandum for full financial details.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1902
Stories
More Than 2 Stories
Living area
3,822 sqft
Price / sqft
$196
Lot
0.13
Original price
$749,900
MLS #
7149877

Interior

Features
Boiler, In Basement, Common Area, Laundry Room, Block, Storage Space, Unfinished
Heating
Boiler
Laundry
In Basement, Common Area, Laundry Room

Exterior & lot

Features
Wood, Asphalt, Shared Driveway, Parking Lot, Open
Construction
More Than 2 Stories, Block
Foundation
Block
Lot
3502924240087
Parking
Asphalt, Shared Driveway, Parking Lot, Open

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Circuit Breakers
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$9,324
Tax year
2026
Parcel
3502924240087

Location

Subdivision
Elliotts Rgt Blks Brackett & Boveys
County
Hennepin
Neighborhood
Midtown Phillips
Community
Hennepin, Coin-op Laundry Owned, northstar, Minneapolis
Directions
Located on the corner of 26th St and 11th Ave S.

Location

Neighborhood
Midtown Phillips
Subdivision
Elliotts Rgt Blks Brackett & Boveys
School district
Minneapolis Public School District

Ask about this property

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Listed by Bradley Edlefsen, Edina Realty, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.